Philadelphia, PA 19139 4700 Chestnut Street

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Presented By: RE/MAX Elite
  • MLS# PAPH2454858
  • 03/09/2025
  • Request Tour
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Home Details

This brand-new, fully occupied 15-unit apartment building in the highly desirable West Philadelphia area offers an incredible investment opportunity for anyone looking to expand their real estate portfolio. With a mix of modern, well-designed units and a strong, steady rental income, this property promises excellent long-term returns. The building features a thoughtful layout spread across three floors and a basement. The first floor includes one one-bedroom apartment and two studio apartments, while the second floor offers two two-bedroom units and one one-bedroom unit. The third floor consists of six bi-level, one-bedroom, one-and-a-half-bathroom units, and the basement level features three studio apartments. All units are equipped with modern kitchens and bathrooms, and the building has been constructed to the highest standards, including new appliances throughout. A convenient elevator serves the first two levels, making it easy for residents to access their apartments. The building also includes a coin-operated washer and dryer in the common area, adding additional convenience for tenants. Located in the thriving University City area, this property is just minutes away from the University of Pennsylvania and Drexel University, making it a highly desirable location for students and professionals. With its prime location and fully occupied status, the building offers strong rental demand and consistent income potential. To sweeten the deal, the property comes with a 10-year tax abatement, making it an even more attractive investment. This is a rare opportunity to acquire a high-quality, fully leased building in a growing and vibrant neighborhoodan ideal addition to any investors portfolio.
Presented By: RE/MAX Elite

Interior Features for 4700 Chestnut Street

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

Other Rooms

Entry Level1

General for 4700 Chestnut Street

AccessibilityOther
Business TypeApartment Building
CityPHILADELPHIA
Construction Completed Y/NNo
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn the corner of Chestnut Street
Exclusionstenants personal property
HeatingForced Air
Location TypeUrban
Lot Size Square Feet2054.00
Lot Size UnitsSquare Feet
MLS Area19139 (19139)
ModificationTimestamp2025-04-11T10:06:57
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total1
OwnershipFee Simple
PossessionNegotiable
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer, Public Septic
Standard StatusActive
StatusACTIVE
Subdivision NameWALNUT HILL
Tax Annual Amount33049.0
Tax Assessed Value2361000.0
Tax Lot110
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2023
Year Built SourceEstimated
ZoningRM1

Exterior for 4700 Chestnut Street

Building Area Total0.00
Car Parking Spaces
Inclusionsappliances
Land Assessed Value236100.00
Land Use CodeCA0
Lot Dimensions19.00 x 107.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road Surface TypeBlack Top, Approved
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,895,000
MLS#PAPH2454858
List Date 03/09/2025
Property Type Commercial
Phone 703.929.4729
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